Shankara Buildpro Limited has informed the Exchange regarding 'Disclosure on determining materiality of an event or information '.
BUILDPRO · price
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Awaiting price reaction for this filing.
Shankara Buildpro Limited has submitted a routine regulatory disclosure to BSE and NSE under SEBI's Listing Regulations. The filing names four Key Managerial Personnel who are authorized to determine whether an event or piece of information is material enough to be disclosed to the stock exchanges. The authorized persons are Managing Director Mr. Sukumar Srinivas, Whole-time Director Mr. Dhananjay Mirlay Srinivas, CFO Mr. Alex Varghese, and Company Secretary Ms. Ereena Vikram. This is a compliance formality required under Regulation 30(5) of the SEBI LODR Rules, 2015. No new business, financial, or strategic information is contained in this filing.
This is a procedural compliance update and is unlikely to have any meaningful impact on the stock price or shareholders. It simply clarifies who within the company is empowered to decide on material disclosures going forward.